SMART PARKING SYSTEMS MARKET ANALYSIS

Smart Parking Systems Market, By Parking Site (On-Street, Off-street), By Components (Hardware, Software, Services ( System Integration and Installation, Parking Management, Maintenance)), By Application (Airports, Government & municipalities, Corporate & commercial Institutions), By Region (North America, Latin America, Europe, Middle East&Africa, and Asia Pacific)

Key Developments

In June 2020, Key players are focused on mergers and acquisitions, in order expand the market presence. For instance, Urbiotica acquired Fastprk solution from Worldsensing, completing Urbiotica’s smart parking solutions.
In April 2022, the first carmaker to deploy Cisco wireless backhaul technology for pre-production vehicles' high-speed, real-time performance testing was General Motors. GM engineers analyse crucial vehicle data right away and make data-driven decisions with Cisco's industrial wireless networking.